Try for a loan with a different lender using the comparison as already suggested, as Natwest may not want to consolidate this, whereas another lender may want the business. You could consider getting a new credit (current) account too.

Be careful not to make too many credit applications in a short period of time as this raises warning flags.

good luck

Sparky.

her:

I take it that the credit report you say seems OK is the credit report for the CRA that NatWest searched on? They are required to tell you if they searched a CRA and which one.

My advice is not to get hung up on the "credit score" number. It's not always relevent because your credit file does not include earnings data or non-credit outgoings, but given a good "score" the earnings and outgoings declared on your application are the main thing that the lender looks at. In other words the "affordability" is in the lenders eyes, not yours.

Credit is not guaranteed, sometimes they just don't want to. However the overdraft may not be doing you any favours. The bank can see whether or not you are paying it down and how fast. You don't say, but if you aren't I can see NatWest's point.

Later edit:

make sure that the £1000 you paid-off recently is on your credit report as it may take several weeks to show.

HI,

Thanks for the reply, no it's not due to affordability, I was wanting to take out £4500 over 4 years to to account of a £2400 loan I have with them, a £600 credit card and £1600 overdraft which is no longer free as it's so long since I graduated. Like I said I have a credit score of about 810 and when questioned it wasn't to do with affordability as to why it was refused, they couldn't really give me a a firm reason. I have recently got a mortgage but this is only £375 a month and had a few searches show up on my credit report for when I was applying for this however I just don't understand it! I'm partic. annoyed as less than a month ago I paid £1000 off the loan that I had saved up and now they won't even let me increase it by that much......

I know I can afford the monthly payments infact before I paid a few chunks off it the repayments on my current loan were £158 which is almost 50% more than what they were on the quoted loan of £4500!! I have never missed or been late on any payment, it's ridiculous!

Thanks for your help I just need to find a company who will accept me....

her:

Hiya,

I've recently applied for a loan to consolidate my debts with Natwest who I banked with for over 10 years and have been refused.

Help!! Would appreciate some advice on what to do next as I don't want to end up going to some dodgy small loan company but not sure what my options are. I work full time and have an income of approx £23k.

Why did NatWest refuse? Affordability ? They may have assessed that you may have problems repaying.

See the moneysupermarket page on loans http://www.moneysupermarket.com/loans/

Beware that Blackhorse finance use the unsecured Credit company (UCC) to process applications and may offer alternatives if Blackhorse will not lend. There have been adverse comments about UCC on this forum. If any mention of upfront fees is made, walk way. Alot of companies charge fees and then don't provide loans or there is a long delay.

Before you obtain further credit, you should really think about getting debt advice from Citizens Advice or National debtline. Making the wrong call now, may turn out to be costly mistake.

Huckster

Hiya,

I've recently applied for a loan to consolidate my debts with Natwest who I banked with for over 10 years and have been refused, I have checked my credit score which is currently 810 and there doesn't seem to be any problem on my credit report either. I don't know what to do next really I don't want to try lots of loan prividers to be refused and have it show up on my credit report but don't know if there are any which might be more likely to accept me than others?!

Help!! Would appreciate some advice on what to do next as I don't want to end up going to some dodgy small loan company but not sure what my options are. I work full time and have an income of approx £23k.